Bitwise Files S-1 for Hyperliquid ETF Amidst Intensifying Race

Bitwise has updated its S-1 filing for its proposed Hyperliquid ETF, as the competition among asset managers for HYPE-linked ETFs intensifies. The HYPE fund has seen a significant surge of approximately 200% in the past year. Other prominent asset managers like Grayscale, 21Shares, and VanEck are also reportedly interested in launching similar ETFs.